Financial Reports

• Financial Calendar 2016 and 2017
• Financial Statements Highlights
• Independent Auditors’ Report
• Integrated Approach to Financial Reporting
• Statement of Profit or Loss
• Statement of Comprehensive Income
• Statement of Financial Position
• Statement of Changes in Equity
• Statement of Cash Flow
• Notes to the Financial Statements
• Compliance with the Disclosure Requirements of the Central Bank of Sri Lanka

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STATEMENT OF changes in equity

For the year ended 31 December	Capital	Statutory Reserve Fund	Available- for-Sale Reserve	Revaluation Reserve	General Reserve	Share Based Payment Reserve	Cash Flow Hedge Reserve	Retained Earnings	Total Equity
	LKR ’000	LKR ’000	LKR ’000	LKR ’000	LKR ’000	LKR ’000	LKR ’000	LKR ’000	LKR ’000
BANK
Balance as at 1 January 2015	1,225,162	1,010,785	105,250	853,456	5,805,707	20,243	397,852	12,819,737	22,238,192
Super Gain Tax	–	–	–	–	–	–	–	(732,081)	(732,081)
Adjusted Opening Balance as at 1 January 2015	1,225,162	1,010,785	105,250	853,456	5,805,707	20,243	397,852	12,087,656	21,506,111
Total comprehensive income for the year
Profit for the year	–	–	–	–	–	–	–	3,511,431	3,511,431
Other Comprehensive Income before tax	–	–	(391,286)	–	–	–	(287,692)	94,353	(584,625)
Tax on other comprehensive income	–	–	78,759	–	–	–	–	(7,325)	71,434
Total comprehensive income for the year	–	–	(312,527)	–	–	–	(287,692)	3,598,459	2,998,240
Transactions with equity holders, recognized directly in equity
Issue of shares (Notes 43 and 46.3)	17,610	–	–	–	–	(5,653)	–	–	11,957
Transfer to the statutory reserve fund (Note 44)	–	231,987	–	–	–	–	–	(231,987)	–
Dividends to equity holders (Note 17)	–	–	–	–	–	–	–	(1,815,450)	(1,815,450)
Balance as at 31 December 2015	1,242,772	1,242,772	(207,277)	853,456	5,805,707	14,590	110,160	13,638,678	22,700,858
Balance as at 1 January 2016	1,242,772	1,242,772	(207,277)	853,456	5,805,707	14,590	110,160	13,638,678	22,700,858
Total comprehensive income for the year
Profit for the year	–	–	–	–	–	–	–	3,170,271	3,170,271
Other comprehensive Income before tax	–	–	(372,240)	–	–	–	(54,012)	(73,151)	(499,403)
Tax on other comprehensive income	–	–	13,776	–	–	–	–	10,544	24,320
Total comprehensive income for the year	–	–	(358,464)	–	–	–	(54,012)	3,107,664	2,695,188
Transactions with equity holders, recognized directly in equity
Issue of shares (Note 43 and 46.3)	3,707	–	–	–	–	(749)	–	–	2,958
Transfer to the statutory reserve fund (Note 44)	–	3,707	–	–	–	–	–	(3,707)	–
Dividends to equity holders (Note 17)	–	–	–	–	–	–	–	(653,954)	(653,954)
Balance as at 31 December 2016	1,246,479	1,246,479	(565,741)	853,456	5,805,707	13,841	56,148	16,088,681	24,745,050

 

For the year ended 31 December	Capital	Statutory Reserve Fund	Available- for-Sale Reserve		Revaluation Reserve	General Reserve	Share Based Payment Reserve	Cash Flow Hedge Reserve	Retained Earnings	Total	Non- Controlling Interests	Total Equity
	LKR ’000	LKR ’000	LKR ’000		LKR ’000	LKR ’000	LKR ’000	LKR ’000	LKR ’000	LKR ’000	LKR ’000	LKR ’000
GROUP
Balance as at 1 January 2015	1,145,353	1,010,785	162,355		853,456	5,805,707	60,148	397,852	18,440,117	27,875,773	922,646	28,798,419
Super Gain Tax									(833,548)	(833,548)	(21,123)	(854,671)
Adjusted Opening Balance as at 1 January 2015	1,145,353	1,010,785	162,355		853,456	5,805,707	60,148	397,852	17,606,569	27,042,225	901,523	27,943,748
Total comprehensive income for the year
Profit for the year	–	–	–		–	–	–	–	3,542,040	3,542,040	128,055	3,670,095
Other Comprehensive Income before tax	–	–	(380,673)		95,339	–	–	(287,692)	110,083	(462,943)	5,573	(457,370)
Tax on other comprehensive income	–	–	78,759		–	–	–	–	(7,325)	71,434	–	71,434
Total comprehensive income for the Year	–	–	(301,914)		95,339	–	–	(287,692)	3,644,798	3,150,531	133,628	3,284,159
Transactions with equity holders, recognized directly in equity
Issue of shares (Notes 43 and 46.3)	17,610	–	–		–	–	(5,653)	–	–	11,957	–	11,957
Adjustment to share based payment reserve (Note 46.3)	–	–	–		–	–	26,603	–	–	26,603	–	26,603
Adjustment due to changes in group companies	–	–	–		–	–	–	–	(33,662)	(33,662)	24,645	(9,017)
Transfer to the statutory reserve fund (Note 44)	–	231,987	–		–	–	–	–	(231,987)	–	–	–
Dividends to equity holders (Note 17)	–	–	–		–	–	–	–	(1,815,450)	(1,815,450)	(41,283)	(1,856,733)
Balance as at 31 December 2015	1,162,963	1,242,772	(139,559)		948,795	5,805,707	81,098	110,160	19,170,268	28,382,204	1,018,513	29,400,717
Balance as at 1 January 2016	1,162,963	1,242,772	(139,559)		948,795	5,805,707	81,098	110,160	19,170,268	28,382,204	1,018,513	29,400,717
Total comprehensive income for the year
Profit for the year	–	–	–		–	–	–	–	2,691,014	2,691,014	123,945	2,814,959
Other Comprehensive Income before tax	–	–	(436,305)		21,000	–	–	(54,012)	(74,425)	(543,742)	2,432	(541,310)
Tax on other comprehensive income	–	–	33,277		–	–	–	–	11,529	44,806	–	44,806
Total comprehensive income for the year	–	–	(403,028)		21,000	–	–	(54,012)	2,628,118	2,192,078	126,377	2,318,455
Transactions with equity holders, recognized directly in equity
Issue of shares (Note 43 and 46.3)	3,707	–	–		–	–	(749)	–	–	2,958	–	2,958
Adjustment to share based payment reserve (Note 43 and 46.3)	79,809	–	–		–	–	(66,508)	–	–	13,301	–	13,301
Adjustment due to changes in group companies	–	–	–		–	–	–	–	–	–	(17,976)	(17,976)
Transfer to the statutory reserve fund (Note 44)	–	3,707	–		–	–	–	–	(3,707)	–	–	–
Dividends to equity holders (Note 17)	–	–	–		–	–	–	–	(653,954)	(653,954)	(50,205)	(704,159)
Balance as at 31 December 2016	1,246,479	1,246,479	(542,587)		969,795	5,805,707	13,841	56,148	21,140,725	29,936,587	1,076,709	31,013,296

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